Charter Hall Social Infrastructure REIT - Valuation Update and December 2021 quarter distribution

Charter Hall Social Infrastructure REIT (ASX: CQE) today announces the results of December 2021 property valuations and the December 2021 quarter distribution.

CQE had 341 independent valuations completed for the period ending 31 December 2021, representing 100% of the property portfolio¹ by gross asset value.

The valuations resulted in a $175.4 million, or 11.9% uplift on the prior book values. The average passing yield on these properties has compressed 60 bps from 5.6% to 5.0%.

The unaudited impact of the valuations announced today will contribute to the increase in the estimated NTA per unit from $3.25 to $3.72², a $0.47 or 14.5% increase on the June 2021 NTA per unit.

Completion of South Australian Emergency Services Command Centre

CQE is also pleased to announce that the development of the South Australian Emergency Services Command Centre has now completed and been handed over to the tenant, the South Australian Government.

December Quarter FY22 Distribution

CQE also declares the distribution for the December 2021 quarter of 4.225 cents per unit.

The distribution reinvestment plan will remain active for this period.

CQE will report the Half-Year Results for the Financial Year 2022 on Thursday, 17 February 2022.

Announcement Authorised by the Board

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^{1 Excluding acquisitions, childcare developments completed since 30 June 2021 and childcare developments underway.
2 Subject to audit and finalisation of statutory accounts.}